Ann: More High Grade Gold Intercepts - Kat Gap, page-83

All in my opinion : So how could a company effectively be taken over without mounting a bid for a controlling interest in the company and being offered to all shareholders? So can large companies now, just issue some Convertable Notes vastly discounted to market prices, and take control of companies this way? And thereby disenfranchise existing shareholders Who owns the Convertable Notes . How many have been exercised? If directors or related parties own Convertable Notes, their interest needs to be declared according to existing Company Law . Where are Directors Declaration? They will be in violation of Company law if they don't declare an increased interest. Of course, Directors could sell their shareholding & exercise the same value of shares, but this movement still needs declaration. Maybe this is the Achilles heel here? All in my opinion YOR